Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$373,794$359,999
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,869$0
Note rate3.890%7.400%
Blended rate3.890%7.640%
1st payment$1,931.49$2,492.56
2nd payment$0.00$0.00
Taxes / mo$74.92$74.92
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,156.41$2,789.48
Cash to close$26,205$40,000